Monday, December 10, 2012
Just in case you were looking forward to a lifetime of stable employment, ah sorry.
|there is no escape from this hole of debt and fraud|
The system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.
A report by the Financial Stability Board (FSB) on Sunday appeared to confirm fears among policymakers that shadow banking is set to thrive, beyond the reach of a regulatory net tightening around traditional banks and banking activities.
Professor Martyn Poliakoff from the Chemistry department of the University of Nottingham tours one the Bank of England's gold vaults under Threadneedle Street in the City of London. He talks about the properties of gold and handles gold bars made in Australia and Switzerland.